The International Monetary Fund warns that developed countries must cut back spending to sustain long-term economic growth, which means precious little in the short term.
The International Monetary Fund warns that developed countries must cut back spending to sustain long-term economic growth, which means precious little in the short term. "In a speech at the China Development Forum in Beijing, John Lipsky, the deputy managing director of the I.M.F., offered a grim prognosis for the world’s wealthiest nations, which find themselves at a level of indebtedness not seen since the aftermath of World War II. For the United States, 'a higher public savings rate will be required to ensure long-term fiscal sustainability,' Mr. Lipsky said. Mr. Lipsky said the average ratio of debt to gross domestic product in advanced economies is expected this year to reach the level prevailing in 1950. Even assuming that fiscal stimulus programs are withdrawn in the next few years, that ratio is projected to rise to 110 percent by the end of 2014, from 75 percent at the end of 2007. Indeed, the ratio is expected to be close to or exceed 100 percent for all Group of 7 countries, except Canada and Germany, by 2014. 'Addressing this fiscal challenge is a key near-term priority, as concerns about fiscal sustainability could undermine confidence in the economic recovery,' Mr. Lipsky said."
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A new study explores how certain personality traits affect individuals' attitudes on obesity in others.
- The study compared personality traits and obesity views among more than 3,000 mothers.
- The results showed that the personality traits neuroticism and extraversion are linked to more negative views and behaviors related to obesity.
- People who scored high in conscientiousness are more likely to experience "fat phobia.
The rise of anti-scientific thinking and conspiracy is a concerning trend.
- Fifty years later after one of the greatest achievements of mankind, there's a growing number of moon landing deniers. They are part of a larger trend of anti-scientific thinking.
- Climate change, anti-vaccination and other assorted conspiratorial mindsets are a detriment and show a tangible impediment to fostering real progress or societal change.
- All of these separate anti-scientific beliefs share a troubling root of intellectual dishonesty and ignorance.
The history of the Geneva Conventions tells us how the international community draws the line on brutality.
- Henry Dunant's work led to the Red Cross and conventions on treating prisoners humanely.
- Four Geneva Conventions defined the rules for prisoners of war, torture, naval and medical personnel and more.
- Amendments to the agreements reflect the modern world but have not been ratified by all countries.
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